We just comlleted a complex 4 wave down of A-E elliot wave structure. ( On support of wave 1) IF all plays out and the left shoulder is correct .... we completed the one leg of the head and are looking to go up again to complete the head, and then start the right shoulder. (In other words) ranging.
Let me know what you think.... I did open a buy position of this pair this pass friday and will update as we go along.